Market Impact Weather

Slow Soybean Progress

Bryce Anderson
By  Bryce Anderson , DTN Ag Meteorologist and DTN Analyst
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OMAHA (DTN) -- A continued cool pattern with slow progress for soybean pod-filling, and multiple tropical storm issues, are the key weather items for the commodity trade's attention Thursday.

CONTINUED DRY AND COOL MIDWEST

The DTN ag weather forecast calls for cool but mild conditions across the Midwest through the weekend. No frost is in the forecast; however, dry conditions are also expected, which may hinder soybean development.

HURRICANE IRMA THREATENS CROPS

Hurricane Irma is expected to track into southeast Florida Saturday night and then move into the southeastern U.S. early next week. This remains an extreme risk to lives and property for areas near its path. Crops at risk include citrus, sugarcane and vegetables in Florida, along with sugarcane in Cuba. In the Southeastern U.S., crops at risk include cotton and peanuts in Georgia and the Carolinas.

BENIGN SOUTHERN PLAINS TREND

Soil moisture in the Southern Plains is mostly adequate for the upcoming winter wheat planting season. A few showers are in store over the next week. The general pattern is favorable for early fieldwork.

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HEAVY DELTA RAIN

The Delta has a dry forecast for the next week. This should help crops recover from prior rains from a wet late summer, and then Tropical Depression Harvey. Hurricane Irma appears to be tracking east of the region, which would benefit harvest.

MILD NORTHERN PLAINS

Generally favorable conditions remain over the Northern Plains for filling and maturing corn and soybeans. There is no damaging cold weather expected during the next 10 days.

MIXED PRAIRIES TEMPERATURES

The Canadian Prairies have mostly favorable conditions for wheat and canola harvest. Late-filling canola will benefit from continued warm temperatures through the weekend. Colder conditions early next week may bring readings down to frost levels, possibly even a light freeze in some areas; however, this should be followed by a warmer trend at the end of the week.

HURRICANE KATIA THREATENS MEXICO

Hurricane Katia in the western Gulf of Mexico is expected to move inland over Veracruz, Mexico, Friday or Saturday. This area of Mexico produces coffee, citrus and sugarcane. These crops would be at risk of serious damage due to high winds and flooding rains.

FAVORABLE CHINA TREND

Crop areas of northeastern China continue with a favorable pattern of periodic showers and mild temperatures.

EASTERN AUSTRALIA STAYS DRY

Dry wheat areas of eastern Australia continue with little to no rain in the forecast through the weekend.

Bryce Anderson can be reached at bryce.anderson@dtn.com

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Bryce Anderson

Bryce Anderson
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